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To: Andrew Vance who wrote (15537)	9/25/1998 10:47:00 AM
From: Andrew Vance	Read Replies (3) of 17305

AV--Well, I may have screwed up but I picked up a big chunk of ANAD based on the oversold prospect for this stock. After reading the press release and seeing it down over 30%, I had to take the gamble. The $1 million shortfall over 20 million shares is $0.05/share. At a 22 P/E, that should reflect a $1.10 delta in price. stock was selling at 52 week low and is now much lower. The $8 million write off is a one shot deal and should not have accounted for the other $2.25 drop in price. I am not trying to entice anyone into this stock. Rather, I am telegraphing another play that I beleive is similar to some herd mentality of the past. Andrew

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